The Indian diamond industry was focused solely on manufacturing, with all business decisions being made in Antwerp, Tel Aviv or New York,” said IGI Worldwide co-CEO Roland Lorié. “Fifteen years ago, most local manufacturers and traders did not believe there was a demand for certification. Just recently, the New Delhi lab shifted operations to a larger, upgraded space in Karol Bagh, the central jewelry hub of the city. IGI India has 10 gem testing laboratories, with locations in Mumbai, Surat, Kolkata, Thrissur, Chennai, Ahmedabad, Hyderabad and New Delhi. Today, IGI India services the leading diamond traders, jewelers, jewelry showrooms and the most popular jewelry brands across the country and has substantially contributed to the overall growth of India’s diamond and jewelry industry. At the time, almost no one in the Indian marketplace was utilizing independent diamond grading reports. Since its inception in 1999, IGI India has played a pioneering role in providing structure and setting standards for certification and the study of gemology – including jewelry design courses – in India, both with retailers and consumers. IGI, the first international lab established in India, recently commemorated its 15-year anniversary.
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